Electricity Subsidy: Hospitals, Tertiary Institutions May Gulp N188bn   The Federal Government may spend approximately N188.25 billion annually to subsidise electricity supply for about 75 public tertiary hospitals and 300 educational institutions across the country. This follows the Federal Government’s approval of a 50 per cent subsidy...

States Set to Eliminate Electricity Subsidy State governments are getting set to eliminate electricity subsidies in their territories as more states gear up to join others in running their different power markets under their own laws. In a document put together by the Nigeria Governors’ Forum,...

IMF to FG: Remove Implicit Fuel, Electricity Subsidies The International Monetary Fund has warned the Nigerian government to remove what it called implicit fuel and electricity subsidies. In a report published recently by the IMF, the organisation told Nigeria that the subsidies would guzzle three per...

85% of Nigerians Still Savouring Electricity Subsidies, Says Information Minister In the face of public backlash against the recent electricity tariff hike for Band A customers in Nigeria, the Federal Government has revealed that a staggering 85% of citizens still enjoy electricity subsidies, despite the...

FG Spends Over N5trn To Cover Electricity Subsidy In 10 Years   The federal government’s effort to subsidise electricity tariff for Nigerians has seen it cough out over N5 trillion in the last 10 years amounting to over 664 per cent growth, data from the Nigerian...

Electricity Subsidy: FG Spent N36bn In Three Months – NERC   The Nigerian Electricity Regulation Commission (NERC) has said the federal government paid the sum of N36bn to subsidise electricity consumption in the first quarter of 2023. In its quarterly report, NERC said the money amounted to...